RBC: Mexico and China Tariffs Could Send Markets Down 10% Or More
This article was originally published on ETFTrends.com.
In an escalated trade war with China and now Mexico, U.S. equities may fall 10% from their recent highs, Lori Calvasina of RBC Capital Markets, the firm’s head of U.S. equity strategy, said in a note to clients Monday. “The potential for tariffs on Mexico make it even more likely that the S&P 500 will fall to [...]